iA Financial Co. Inc. (TSE:IAG) Declares Quarterly Dividend of $0.90

iA Financial Co. Inc. (TSE:IAG - Get Free Report) announced a quarterly dividend on Tuesday, February 18th, RTT News reports. Investors of record on Friday, February 28th will be given a dividend of 0.90 per share on Monday, March 17th. This represents a $3.60 annualized dividend and a yield of 2.83%.

iA Financial Stock Down 1.6 %

IAG stock traded down C$2.13 during midday trading on Friday, hitting C$127.12. 705,366 shares of the company traded hands, compared to its average volume of 217,410. iA Financial has a twelve month low of C$80.95 and a twelve month high of C$141.88. The stock has a market capitalization of C$11.93 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.13. The business has a 50 day simple moving average of C$131.62 and a 200-day simple moving average of C$120.30.

Analyst Ratings Changes

A number of research firms have weighed in on IAG. CIBC boosted their target price on shares of iA Financial from C$144.00 to C$149.00 and gave the stock an "outperform" rating in a research report on Thursday. Scotiabank downgraded iA Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 3rd. Cormark lifted their price target on iA Financial from C$127.00 to C$130.00 in a research report on Wednesday, November 6th. Desjardins upped their price target on iA Financial from C$140.00 to C$145.00 and gave the stock a "hold" rating in a report on Thursday. Finally, National Bankshares raised their price objective on shares of iA Financial from C$118.00 to C$121.00 in a research note on Wednesday, November 6th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$140.63.

Insider Buying and Selling at iA Financial

In other iA Financial news, Director Denis Ricard sold 5,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$137.00, for a total value of C$685,000.00. Also, Senior Officer Alain Bergeron sold 510 shares of the firm's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$133.58, for a total transaction of C$68,125.80. Over the last ninety days, insiders have sold 11,010 shares of company stock valued at $1,489,142. 0.09% of the stock is currently owned by corporate insiders.

About iA Financial

iA Financial Corporation Inc, provides insurance and wealth management services in Canada and the United States. The company operates through Insurance, Canada; Wealth Management; Investment; and US Operations segments. The company provides health, auto, home, and creditor insurance products; replacement insurance products and warranties; extended warranties and other ancillary products for dealer services; specialized products for special markets; and life insurance products and extended warranties relating to dealer services.